Oracle General Ledger

Oracle General Ledger provides highly automated financial processing. It can import and post 42 million journal lines per hour, making it the fastest and most scalable general ledger on the market. It also provides tools for effective management control and real-time visibility to financial results — everything you need to meet financial compliance and improve your bottom line.

Enhance Value by Combining With The Entire Oracle E-Business Suite
Oracle General Ledger works seamlessly with other Oracle E-Business Suite products to drive better decision-making, sustainable financial discipline, regulatory compliance, and optimized business processes at the lowest cost.

BENEFITS

Gain Efficiencies with Highly Automated Financial Processing  Automate journal processing for recurring and allocation journals. Convert and load raw data from external systems or upload mass journal entries via spreadsheets. Run posting, reporting, translation, and consolidation processes in parallel to accelerate reporting time. Establish and Maintain Superior Internal Controls  Guarantee data integrity with a single ledger to manage all financial information. Actual, budget, summary, foreign currency, statistical and average balances are automatically synchronized, rendering reports immediately available and always accurate. Mandatory checks and balances prevent the occurrence of out-of-balance situations. The chart of accounts can be customized to best fit your company's needs, and is used to control information access. Increase Enterprise Visibility  Increase visibility into performance by investigating and reconciling balances online. Drill down to any level of detail including detail balances, journals, and the underlying subledger transactions - all from a single drill path. Oracle Applications Desktop Integrator provides a desktop-based extension of Oracle General Ledger to analyze financial statements, create budgets, upload conversion rates, create reports, and more. Capitalize on Global Opportunities  Capture and report on any number of currencies from the balance level to the subledger transaction level. Currency conversion, revaluation, remeasurement, and translation are all performed in accordance with local and international accounting standards. Improve Financial Services Profitability  Robust average balance functionality comes standard in Oracle General Ledger to allow companies in the financial services industry to perform sophisticated transfer pricing and profitability analysis calculations to comply with regulatory reporting requirements. Oracle General Ledger is also integrated with the Oracle Financial Services Applications.